In 2013, Spearman’s Community Fund was selected as 1 of 5 funds to participate in an Amarillo Area Foundation pilot program that would provide emphasis on building an Endowed Legacy Fund. Each year, a portion of the income from the Spearman Community Fund will be granted to nonprofit organizations to benefit the community. The remaining
income will help the endowment fund grow year after year. As
an affiliate fund of the AAF, the Spearman Community Fund receives services including financial management, strategic development and training. This partnership provides advantages such as safekeeping and management of the endowment fund. The Spearman Community Fund is managed by a group of local advisors who represent a cross section of the community. Grant decisions are made locally by members of this committee. Because we believe in the community fund, each local advisor supports this fund with a charitable contribution. We have begun to visit with those who have a ‘heart for Spearman’ about their potential gift or bequest to help the endowed fund grow. Every donation counts and
we want to reach out to locals as well as those who have lived in Spearman but have moved away. The individuals who established the town of Spearman years ago provided a strong foundation. It is our responsibility to continue
those efforts for future generations.
